Author Question: The costs of labor and land used to produce a product is A) administrative costs. B) costs of ... (Read 239 times)

Chloeellawright · **on:** Jun 30, 2018

The costs of labor and land used to produce a product is
A) administrative costs.
B) costs of goods sold.
C) net profit plus the cost of capital.
D) none of these choices.

Question 2

Economic profit equals
A) net operating profit after taxes plus the cost of capital.
B) net operating profit after taxes divided by the cost of capital.
C) net operating profit after taxes multiplied by the cost of capital.
D) net operating profit after taxes minus the cost of capital.